Economy, asked by chineng6304, 1 year ago

Compare merits of HDI over per capita income .Discuss

Answers

Answered by sona63
0
average income of a person of a country is termed as the paper capita income of that country.

limitations
.. money in pocket can't buy non material things for eg - security, pollution free environment etc
.. PCI does not state is that how money is distributed among g rich and poor

HDI - UNDPH published a report of countries based on per capita income , educational level and health status of the nation and provide a rank which is called HDI

HDI regards all the arena of development rather than only concentrating on paper capita income which can hide the distribution of money in a country so HDI is the most appropriate development measure.

sona63: hope it helps
sona63: a* all
Answered by ravisingh3162
1

Answer:

The HDI is like a country’s report card. In a single number, it tells policymakers and citizens how well a country is doing. This year, Norway was at the top of the class, while Niger finished last.

The index first appeared in 1990. Before then, a country’s level of development was measured solely by its economic growth. By taking non-economic dimensions of human well-being into account, the HDI revolutionized the idea of what was meant by countries becoming “more developed.”

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